Super Rich Hiding $21 Trillion

[Vol Main]

I don't think there is anything fair or constitutional about a progressive tax system. Furthermore, my money is my money. Nobody has a fair claim to that but me.

You say that your money is your money and nobody has a claim to it, so you ARE a tax protester alleging that you do not have to pay taxes.

 

[Lexvol]

You say that your money is your money and nobody has a claim to it, so you ARE a tax protester alleging that you do not have to pay taxes.

Before I answer...are you an IRS agent? If so the answer is no. If not, just know that I am Wesley Snipes and Willie Nelson's accountant.

 

[PKT_VOL]

How exactly do you think this situation should be remedied?

 

[PowerT83]

Never understood what's so bad about having money. People complaining about it sound like a bunch player haters. imo jmo gbo vfl

 

[Vol Main]

Absolutely!!!! Lets tax everyone who has money, kind of like those red light/speeding cameras. Send everyone a 200 tax bill. Hell, some of them might send us something back.... Never know..... Vol Main on to something here!!!

You're darn tootin' I'm onto something. I say we tax people who have no money!

 

[Vol Main]

Before I answer...are you an IRS agent? If so the answer is no. If not, just know that I am Wesley Snipes and Willie Nelson's accountant.

No IRS agent here.

SAVE THE RICH!
Vote Republican

 

[bamawriter]

Vol Main,

Are you going to respond to those of us that have pointed out that the study in question doesn't appear to include numbers from the US?

 

[Vol Main]

Hating the rich for being rich never has, either.

I didn't say anything about hating the rich. Why are you talking about hating the rich? I'm talking about returning the tax rate on the super rich to the Clinton years, when the number of new millionaires in this country went wwaaaaayyyyy UP. I'm talking about balancing the budget and returning the economy to healthy growth. At least one here wants zero taxes. That's crazy.The question is where should the tax rate be for the super rich? I favor returning it to the rates of the Clinton era, when we had very robust income increases after taxes in both the middle class and upper class. That's not class warfare; that's what's better for everybody. That's what's best for America. Do you love this country, or do you only care about the super rich?

 

[Vol Main]

Vol Main,

Are you going to respond to those of us that have pointed out that the study in question doesn't appear to include numbers from the US?

Are you going to respond to everything else in my posts?

"In a list of the top 20 countries..." Where is the U.S. excluded from the list?

 

[bamawriter]

Are you going to respond to everything else in my posts?

Nope.

When you defend your positions on US tax policy with a study that has nothing to do with US tax policy, your positions don't deserve much response.

 

[BigPapaVol]

I didn't say anything about hating the rich. Why are you talking about hating the rich? I'm talking about returning the tax rate on the super rich to the Clinton years, when the number of new millionaires in this country went wwaaaaayyyyy UP. I'm talking about balancing the budget and returning the economy to healthy growth. At least one here wants zero taxes. That's crazy.The question is where should the tax rate be for the super rich? I favor returning it to the rates of the Clinton era, when we had very robust income increases after taxes in both the middle class and upper class. That's not class warfare; that's what's better for everybody. That's what's best for America. Do you love this country, or do you only care about the super rich?

your cause and effect meter seems to be broken.

 

[Vol Main]

Nope.

When you defend your positions on US tax policy with a study that has nothing to do with US tax policy, your positions don't deserve much response.

Then you lose by default. Please refer to my thread on tax policies for my thinking on tax policies.

 

[Gramps]

I'm thinking the great OE has came out of retirement, laughing his ass off as he trolls the politics forum.

I don't see how anyone could actually believe the shat this dude is posting.

 

[PKT_VOL]

How exactly do you think this situation should be remedied?

Vol Main?

 

[Vol Main]

Nope.

When you defend your positions on US tax policy with a study that has nothing to do with US tax policy, your positions don't deserve much response.

Everybody with eyes can look at the article and see that it references a list of 20 countries, but you state that it does not reference the U.S. Why do you say that the U.S. is not on that list? How can you say that it's not on the list? Have you seen the list? I've seen the list; have you seen it? Like I already said, if you want my views on tax policy, you should goto my post on tax policy. That's not the subject of this thread.

 

[Vol Main]

your cause and effect meter seems to be broken.

I don't see you disproving anything I've said. You never do. You just make negative replies and think yourself well satisfied. That's not good enough to satisfy anything but prejudice.

 

[Vol Main]

I'm thinking the great OE has came out of retirement, laughing his ass off as he trolls the politics forum.

I don't see how anyone could actually believe the shat this dude is posting.

If it were shat, then you would have disproven it easily. You didn't.

 

[OldandStillaVol]

I didn't say anything about hating the rich. Why are you talking about hating the rich? I'm talking about returning the tax rate on the super rich to the Clinton years, when the number of new millionaires in this country went wwaaaaayyyyy UP. I'm talking about balancing the budget and returning the economy to healthy growth. At least one here wants zero taxes. That's crazy.The question is where should the tax rate be for the super rich? I favor returning it to the rates of the Clinton era, when we had very robust income increases after taxes in both the middle class and upper class. That's not class warfare; that's what's better for everybody. That's what's best for America. Do you love this country, or do you only care about the super rich?

Returning to an earlier tax rate is a reasonable position. But quoting an article which just says there is a lot of money out there doesn't help your argument - thats my opinion.

 

[Vol Main]

Banks are not lending because interest rates are too low. If they are not going to make money on the loan, they are not going to make the loan

I've read different reports on that and listened to several people' opinions. But I really don't have a firm opinion of my own why the banks aren't lending. They're certainly getting money dirt cheap from the central banking system.

 

[Vol Main]

Returning to an earlier tax rate is a reasonable position. But quoting an article which just says there is a lot of money out there doesn't help your argument - thats my opinion.

No, it doesn't. I did not intend this thread to be about tax policy, but I suppose I spurred that line of thinking with my comment. I just wanted to create a perspective. Our national debt is what, $17 trillion? That's a huge amount of money. But it is not as much money as the amount deposited in secret bank accounts. If you want my arguments about tax policy, then you should goto my thread on tax policy.

 

[volinbham]

Returning to an earlier tax rate is a reasonable position. But quoting an article which just says there is a lot of money out there doesn't help your argument - thats my opinion.

Add to it - none of that money appears to be from US citizens. I'm sure US citizens have some off shore but the article is about foreign citizens. Our tax rates are completely irrelevant to them.

 

[n_huffhines]

and I'm sure the Tax Justice Network is as non-partisan as it claims to be

If the tax justice network were really about justice they would call of 0% income tax across the board.

 

[Gramps]

If the tax justice network were really about justice they would call of 0% income tax across the board.

you are calling for no income tax.
How do you propose we get the money to run the government

 

[volinbham]

If the tax justice network were really about justice they would call of 0% income tax across the board.

There about some kind of justice (hint social justice)

From the linked report in the article

From
another
angle,
this
study
is
really
good
news.
The
world
has
just
located
a
huge
pile
of
financial
wealth
that
might
be
called
upon
to
contribute
to
the
solution
of
our
most
pressing
global
problems.
We
have
an
opportunity
to
think
not
only
about
how
to
prevent
some
of
the
abuses
that
have
led
to
it,
but
also
to
think
about
how
best
to
make
use
of
the
untaxed
earnings
that
it

generates

​

​

​

​

​

Not sure why it's all jacked up - the PDF file must have something to do with it​

 

[n_huffhines]

you are calling for no income tax.
How do you propose we get the money to run the government

Well, we don't actually have the money to run government. That's why we have inflation and debt.

If we got rid of all income tax revenue, we'd still generate as much tax revenue as we generated in 1998. I think the tax revenue we generated in 1998 is more than enough.